The Federal Reserve is a gold owner’s friend – not a friend you can trust, but we can count on the FED continuing to slash interest rates in order to make the national debt larger. After three consecutive interest rate cuts in 2019, the FED’s intentions are clear, and while this isn’t great for the economy, it’s a gift to the gold market.
Looking back over the past year, we see a profit-making pattern that can be repeated over and over again. Since bottoming in 2016, the gold price has given investors multiple chances to buy pullbacks: in 2019, gold was up 21% at one point, but it has pulled back in order to digest the gains as large-scale investors book their profits.
That’s a natural part of the cycle, as we cannot possibly expect any investment to just go straight up without any dips or consolidation periods. Spot gold tested $1,550 and it will get there again, eventually clearing the 2011 high of $1,900 an ounce – but first it has to take a breather, which simply means that gold is basing and coiling like a slingshot.
Market experts are expecting a return to volatility in the large-cap stock market indices, so don’t expect smooth sailing in the coming year if you’ve poured your savings into an index fund. All it would take is one event to move the gold price much higher – and there’s no shortage of powder kegs ready to blow.
Just to give you a taste of what this will look like, check out what happened recently when China vowed “firm counter-measures” to the U.S. signing legislation supporting the Hong Kong protesters. The gold price went up as skittish index fund investors crowded into safe-haven assets.
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As the world faces runaway inflation and central bank money printing at full speed, coupled with ultra-dovish central banks in all developed nations, you need to prepare yourself for price increases in gold and gold-related assets. Miners will do particularly well because they’ll magnify and amplify gold’s gains throughout the year.
My most lucrative strategy is to use Gold X Mining Corp. (TSX-V: GLDX, OTC: SSPX) as a leveraged instrument for the bull market in gold. High liquidity, plenty of cash on hand, and strong insider ownership are the hallmarks of a gold stock worth owning, and GLDX/SSPXD has these traits and more – along with an outstanding gold asset in a prime location:
Courtesy: Gold X Mining Corp. Investor Presentation
Gold X also has outstanding leadership, as CEO Richard Munson has more than 35 years of industry experience and he’s handpicked only the best in the business for his team, which includes experienced professionals such as CFO Bassam Moubarak as well as Brian Paes-Braga and Paul Matysek in advisory roles, with large compensation packages, based on performance!
Continuity of management is also important, and Gold X’s management stays on year after year because they’re confident in the longevity and continuing profitability of the company and the resource sector, which will prosper in 2020 in tandem with gold’s next leg up.
If you’ve got physical gold and GOLDX/SSPXD shares today, you’re not afraid of volatility and political unrest; instead, you’re accepting the inevitability of a broad-market pullback and preparing for it. That’s terrific news because now you can have a safe haven and a growth instrument at the same time: peace of mind and powerful profits with gold and Gold X Mining Corp.
Research Partner, PortfolioWealthGlobal.com
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